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27446 Kirkwood Cir Wesley Chapel, FL 33544

3 Beds 2 Baths 2,114 sqft Built 2003

$305,000

List Price

$1,800

$1.6K - $2K

Rent Est.

PROPERTY INFO

November 02, 2020 RECENTLY ADDED
FACTS
  • Built In 2003
  • Price/Sqft : $144.28
  • 2 Days on Market
  • MLS # : T3274117
  • Updated Date : 11/03/2020 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,114 sqft
  • Baths : 2 full
Listing Agent

Bhhs Florida Properties Group

Listing Agent's Description

A Lovely Home with Awesome Features! Sitting on a Beautiful Corner Lot with Manicured Landscaping, Paver Drive and Walkway to the Impressive Porch with Side Pillars and into a Spacious Foyer Showcasing Volume Ceilings, a Neutral Color Scheme and Beautiful Ceramic Tile Floor. Featuring an Open Flow Floor Plan, Perfect for Entertaining Family and Friends and Boasting 2,114 SF, 3 Bedrooms, 2 Baths, and 2 Car Garage and an Office with Beautiful Hardwood Floors, Plantation Shutters and French Doors. The Chef’s Delight Kitchen has Stainless Appliances with a Gas Stove Top and Wall Oven, 42” Wood Cabinets with Crown Molding, Tile Backsplash, 2 Pantries, Dinette area and Breakfast Bar which opens to the Family Room. The Family Room is Light, Bright and Spacious with the Perfect Spot for a Large Screen TV or Entertainment Center and Sliders that open to the Extended Screened Lanai with a Tile Floor and Wonderful Back Yard Views. The Open Floor Plan flows to the Formal Living and Dining Rooms which also have Beautiful Hardwood Floors. The Master Suite with its own Sitting Area and Sliders to the Lanai has a Large Walk-In Closet, Garden Tub, Separate Shower, a Separated Wood Vanity with space for a Vanity Chair and Double Sinks. The 2nd and 3rd Bedrooms also have Hardwood Floors and the 2nd Bath has a Tub/Shower Combo and Wood Vanity. The Laundry Room will accommodate a Full Size Washer/Dryer and is complete with Shelving and a Cabinet. Located in the Village of Springwood in Seven Oaks with a BRAND NEW A/C in 2020 and NEW HOT WATER TANK in 2018, this home is Pristine and Move-In Ready. Seven Oaks has Fantastic Amenities including a Clubhouse, Theatre, Resort Style Pool, an Olympic Pool, Splash Pool, Fitness Center, Tennis/Basketball Courts, Playground and much more! Close to Major Highways, Shopping Centers/Outlets and Restaurants; this Fabulous Home has much to offer and won’t last long, call for a private viewing today!

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MARKET HIGHLIGHTS

  • 2nd Best City for Young Entrepreneurs (Forbes)
  • Florida state ranks 4th most favorable in the country in State Business Tax Climate Index (Tax Foundation, 2019). Tampa inherits the rank being part of Florida.
  • Tampa's economy is worth over $156 billion in Gross Metro Product and projected to grow to $165 billion in 2019 (USMayors.org, 2018)
  • Headquarters to several Fortune 1000 companies: Publix Super Markets, Tech Data, Jabil Circuit, WellCare Health Plans, Raymond James Financial, Bloomin’ Brands, HSN, and TECO Energy (Fortune, 2018)
  • #8 in America's Fastest Growing Cities (Forbes, 2018)
  • Tampa metro employment growth is at 2.6% and predicted to grow at 2.1% in 2019 (USMayors.org, 2018)
  • One of the best cost-friendly American cities to do business (KPMG)
  • Tampa metro contributes to 15.4% of Florida state economy i.e. Gross State Product (USMayors.org, 2018)
  • #2 in Homebuilding Prospects #10 in Overall Real Estate Prospects (Emerging Trends in Real Estate 2019, PWC)

PRICE & RENT TRENDS

Neighborhood: Seven Oaks

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400kPrice in $91k427k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Seven Oaks

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900200021002200Rent in $9052224

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Seven Oaks Elementary School Primary Regular 1,082 76 7
Dr. John Long Middle School Middle Regular 1,689 101 8
Wiregrass Ranch High School High Regular 2,332 138 8

Seven Oaks Elementary School

  • Education Level: Primary
  • # of students: 1,082
  • # of teachers: 76
7
GreatSchools Rating

Dr. John Long Middle School

  • Education Level: Middle
  • # of students: 1,689
  • # of teachers: 101
8
GreatSchools Rating

Wiregrass Ranch High School

  • Education Level: High
  • # of students: 2,332
  • # of teachers: 138
8
GreatSchools Rating
 

$274,500$335,500$305,000

PURCHASE PRICE

$1,620$1,980$1,800

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,800
EXPENSES Loan Payment -$1,125
Property Tax -$469
Property Insurance -$159
HOA -$7
Property Management Fees -$80
CASH FLOW
-$41

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 13% of earned rent to cover both maintenance and periods of vacancy.

$305,000

PROJECTED PRICE

$1,800

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 3.0%
Maintenance Year (1-5) 8.00%
Vacancy 5.26%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$86,575

INVESTMENT

$86,575

Down Payment
$76,250
Rehab Estimate
$5,750
Closing Costs
$4,575

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,125

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $76,250
Loan Amount $228,750
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$21,367

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,800

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $1,860

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,7953$1,8004$1,9005$2,100
$2,100
RENT COMPS ANALYSIS
  • 27446 Kirkwood Cir Wesley Chapel, FL 3
    • 3 beds 2 baths ∙ 2,114 Sqft ∙ Built 2003 3 beds 2 baths ∙ 2,114 Sqft ∙ Built 2003
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.85
    •  
  • 2401 Silvermoss Dr Wesley Chapel, FL 1
    • 3 beds 3 baths ∙ 1,871 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,871 Sqft ∙ Built 2004
    property image
    LEASED 04/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.85
    •  
  • 2340 Rosehaven Dr Wesley Chapel, FL 2
    • 4 beds 2 baths ∙ 2,070 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,070 Sqft ∙ Built 2003
    property image
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.87
    •  
  • 27309 Edenfield Dr Wesley Chapel, FL 4
    • 4 beds 2 baths ∙ 2,079 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,079 Sqft ∙ Built 2004
    property image
    LEASED 08/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.91
    •  
  • 27725 Kirkwood Cir Wesley Chapel, FL 5
    • 4 beds 3 baths ∙ 2,364 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,364 Sqft ∙ Built 2003
    property image
    LEASED 08/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.89
    •  
PROPERTY LISTING DETAILS
Angela Mora
1.813.482.1452
Bhhs Florida Properties Group
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3274117
Last Updated: 11/03/2020
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